SpaceX to invest $2 billion in Elon Musk’s xAI, maker of Grok AI chatbot: What it means for the world’s richest person’s tech empire

Elon Musk’s SpaceX has agreed to inject $2 billion into his artificial intelligence venture, xAI, that makes up nearly half of the Grok chatbot maker’s recent equity fundraising round, a report by The Wall Street Journal has said. This comes after Musk merged xAI with X (formerly Twitter), combining the AI research lab with the social media platform to amplify the reach of its Grok chatbot. That merger valued the newly combined entity at $113 billion. The move suggests Musk’s strategy of leveraging his various companies to propel xAI forward in the competitive AI landscape at a time when tech companies like Meta and OpenAI are strengthening their AI teams.

This is SpaceX’s largest external investment to date